wleyplus.com Kimmel, Accounting, 6e Sb.sem s URCES y 7th Problem 14-1A (Part Lev

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wleyplus.com Kimmel, Accounting, 6e Sb.sem s URCES y 7th Problem 14-1A (Part Level Submission) Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory productio at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense da are as follows. Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory $11,100 1,810 80,600 910 380 67,900 870 1,500 6,600 450 14,100 10,410 1,630 art Part n) Supplies for general office Wages for assembly line workers y Study Miscellaneous materiais (glue, thread, etc.) Factory manager's salary Property taxes on factory building Advertising for helmets Sales commissions Depreciation on factory building Your answer is correct Prepare an answer sheet with the following column headings answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the Product Costs Manufacturing Overhead Cost Item 11,1 Rent on factory equipment 181 Insurance on factory building Raw materials Utility costs for factory

Explanation / Answer

Cost Item direct direct manufacturing period materials labor overhead costs Rent on factory Equipment 11,100 insurance on factory building 1,810 Raw materials 80,600 utility costs for factory 910 supplies for general office 380 wages for assembly line workers 67,900 Depreciation on office equipment 870 miscellanoeus materials 1,500 factory manager's salary 6,600 property taxes on factory building 450 Advertising for helmets 14,100 Sales commissions 10,410 Depreciation on factory building 1,630 80600 67900 24,000 25760 b) Total product costs Direct materials 80600 direct labor 67900 manufacturing overhead 24,000 total production cost 172500 production cost per helment = 172500/10000 17.25

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